On December 1, 2004, the National Bank of Ukraine puts into circulation a banknote with a denomination of 1 hryvnia of the 2004 model. This is reported by "LIHABiznesInform". \n \nBanknotes with a denomination of 1 hryvnia of the 2004 model are legal tender on the territory of Ukraine and are mandatory for acceptance at their nominal value by all individuals and legal entities without restrictions for all types of payments, as well as for crediting to accounts, deposits, letters of credit and for transfers. They function in circulation together with banknotes with a denomination of 1 hryvnia of the 1992 and 1994 models. \n \nBanks must ensure acceptance from clients of banknotes with a denomination of 1 hryvnia of the 1992 and 1994 models (all years of manufacture) and of the 2004 model and their issuance (except for the 1992 model) without restrictions in the established procedure. \n \nOn the obverse of the banknote with a denomination of 1 hryvnia of the 2004 model, the portrait of Volodymyr the Great remains, and on the reverse – instead of the ruins of Chersonesus, the City of Volodymyr in Kyiv is depicted. \n \nTo facilitate determination of the denomination, the banknote has a predominant color of designs and banknote paper tinted to this color. \n \nThe banknote with a denomination of 1 hryvnia of the 2004 model, compared with banknotes of the same denomination of the 1992 and 1994 models (all years of manufacture), has a smaller size. \n \nThe watermark – the image of the portrait of Volodymyr the Great – has been enlarged to facilitate visual control of this security element. Additionally, as on the new banknotes with a denomination of 20 hryvnias of the 2003 model, 50, 5, 2 and 10 hryvnias of the 2004 model, a light element of the watermark in the form of a digital designation of the denomination has been placed. \n \nIn the thickness of the paper, a security thread with transparent inscriptions is placed. Other polygraphic security elements have also been applied. \n \nIn addition to security elements for visual determination, the banknote of the new model has security elements that are determined in ultraviolet and infrared rays and have magnetic properties. \n \nBanknotes with a denomination of 1 hryvnia of the 2004 model have features that allow determining their authenticity and denomination using special hand-held detectors, as well as during counting on high-speed sorting machines.